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Venator to repay borrowings under ABL facility via new note proceeds
By Sarah Lizee
Olympia, Wash., May 8 – Venator Materials plc plans to repay borrowings under its asset-based facility using proceeds from a new note offering, according to a press release.
The company announced Friday that it intends to offer $225 million of senior secured notes due 2025.
Proceeds from the offering may also be used for general corporate purposes.
With headquarters in the Woodlands, Texas, Venator is a manufacturer and marketer of chemical products comprising a range of pigments and additives to color and protect buildings and reduce energy consumption.
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